Large Whale Places $18.4M HYPE Sell Orders Overnight Amid 5x Short Position

HYPE-1.50%

According to Hyperinsight on-chain monitoring, a large whale (0x4e23) placed 62 HYPE limit sell orders overnight to early morning on July 27-28, spanning prices from $57.27 to $58.34, with a total nominal value of approximately $18.46 million and a weighted average price of $57.62.

The whale currently holds a 5x leveraged short position of approximately 71,900 HYPE tokens worth around $3.985 million, with an average entry price of $57.17 and unrealized gains of approximately $126,000, representing a 15.3% return.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments